3-Room Apartment 79 m² + Balcony 15 m² — Narkisim, Rishon LeZion

Quick Facts

• Property Type: Apartment
• Total Area: 79 m²
• Rooms: 3 — living room + 2 bedrooms
• Bathrooms: 2
• Toilets: 2
• Balcony: 15 m²
• Parking: 1 space
• Year: 2024
• Condition: Renovated
• Key Features:
  • Renovated in 2024
  • 15 m² balcony
  • Mamad — מרחב מוגן דירתי, apartment-level reinforced safe room
  • Lift access
  • 1 parking space
  • 2 full bathrooms
  • 2 toilets

Property Description

This renovated 3-room apartment on Yerushalayim Street sits in Narkisim, Rishon LeZion’s master-planned New East neighborhood on former Tzrifin military base land. The apartment includes 79 m² of internal area plus a 15 m² balcony, with renovation completed in 2024.

The layout is practical for a couple, small family, or dual-income household: living room, 2 bedrooms, 2 full bathrooms, and 2 toilets. The 15 m² balcony adds usable outdoor space, which matters in Narkisim because much of the neighborhood’s public realm is still being built out.

The apartment includes a mamad — מרחב מוגן דירתי, an apartment-level reinforced safe room. In daily use, the mamad can also function as a bedroom, work room, or storage room, depending on the final interior layout. The building has lift access, and the apartment comes with 1 parking space.

Narkisim is not an urban-renewal district inserted into old housing stock. It is a greenfield neighborhood built on released Tzrifin land, with a planned street grid, new residential buildings, and a stronger separation between pedestrian and vehicle movement than the old city neighborhoods can offer. Jerusalem Boulevard is the neighborhood’s main commercial and residential spine, planned with ground-floor retail, offices, services, and residential buildings.

The main due-diligence issue is not the apartment specification. It is the neighborhood’s maturity curve. Narkisim is still in active development, so buyers should factor in construction traffic, temporary gaps in street-level services, and phased delivery of public infrastructure. That is normal for a new Israeli neighborhood, but it affects daily life in the first years after occupancy.

Location Analysis

Transportation

Narkisim sits in new eastern Rishon LeZion, northeast of the old city center and west of Be’er Yaakov. Jerusalem Boulevard connects the neighborhood back toward the old city and the main Rishon LeZion transport grid.

HaRishonim railway station is under 10 minutes by car from Narkisim. From HaRishonim, Israel Railways service to Tel Aviv Savidor Center typically takes 20–25 minutes, with trains running at commuter frequency during peak periods.

Highway access is one of the strongest practical advantages of the location. Highway 431, Highway 4, Highway 40, and Highway 44 are all reachable from the New East zone, giving the neighborhood direct car access to Tel Aviv, Modiin, Rehovot, Nes Ziona, Be’er Yaakov, and Ben Gurion Airport corridors.

The Brown Line BRT is planned to serve the Rishon LeZion east–west corridor and connect the city center with Be’er Yaakov, Ramla, Lod, and the HaRishonim interchange area. Construction work on Brown Line segments in central Rishon LeZion began in 2025, but buyers should treat final service timing as infrastructure risk rather than a guaranteed near-term benefit.

The Red Line light rail extension to Rishon LeZion is also a city-level transport upgrade, with four elevated stations planned toward the western side of Rishon. It is relevant to the broader city but should not be treated as direct Narkisim access.

Area Infrastructure

Narkisim is planned as a residential neighborhood with local retail, schools, public space, and future mass-transit access. Current nearby anchors within a short drive include HaZahav Mall, Cinema City, Yes Planet, Superland, and Hay-Kef Zoo.

Education infrastructure is already appearing inside the neighborhood. Narkisim Elementary School is a municipal school project planned as a 24-classroom campus on a 7-dunam site. This is important for family buyers because early greenfield neighborhoods often receive housing before full educational and community infrastructure is complete.

Medical access is also improving. Maccabi operates a Narkisim medical center on Jerusalem Street, with family medicine, pediatrics, women’s medicine, nursing, laboratory services, and specialist services listed for the branch. Super-Pharm Narkisim operates on Jerusalem Street and provides pharmacy services.

A 200-dunam metropolitan park is planned along the eastern edge of the neighborhood, shared with Be’er Yaakov. No confirmed completion date should be assumed. Until the park and surrounding public infrastructure are fully delivered, buyers should evaluate the immediate street, building access, parking layout, and nearby active construction rather than relying only on the master plan.

Investment Perspective

This apartment is a secondary-market unit in a neighborhood where most transaction history is still developer-led. That matters because Narkisim does not yet have the mature resale depth of Rishon LeZion’s old city, western neighborhoods, or coastal districts.

The investment logic is based on three factors: new eastern Rishon’s build-out on former Tzrifin land, the maturation of Jerusalem Boulevard as a commercial spine, and future mass-transit connectivity through the Brown Line BRT and wider Rishon LeZion rail network.

The main risk is timing. Narkisim’s long-term plan is clear, but daily infrastructure will mature in stages. Schools, parks, retail, medical services, traffic patterns, and public transport usually stabilize only after several development phases are occupied. Buyers who need a fully mature street environment from day one may prefer older central or western Rishon neighborhoods. Buyers comfortable with a developing district get newer construction, parking, a mamad, and stronger highway access.

Rental data for Narkisim is still limited because the neighborhood is too new for a deep secondhand rental market. Any yield discussion should be based on current comparable leases at the time of purchase, not broad city averages.

Practical Information

• Arnona — municipal property tax: Rishon LeZion arnona depends on the municipal classification and measurement method for the specific apartment. The exact annual amount should be checked against the municipal account for this address before signing.
• Vaad bayit — ועד בית, monthly building maintenance fee: The actual building fee was not provided. Confirm the current monthly amount, what it covers, and whether there are planned increases for lift maintenance, parking systems, landscaping, or shared infrastructure.
• Mas rehisha — purchase tax: Purchase tax depends on buyer status, number of properties owned, residency, and whether the buyer qualifies as an oleh hadash. Confirm current brackets with a licensed Israeli real estate lawyer before signing.
• Mortgage — mashkanta: Israeli banks generally provide mortgage financing to residents, non-residents, and qualifying new immigrants, but leverage, documentation, and rates differ by buyer profile. Confirm eligibility directly with a bank or licensed mortgage broker.
• Technical due diligence: Because this is a renovated secondary-market apartment, inspect renovation quality, waterproofing around bathrooms and balcony exits, electrical upgrades, plumbing work, mamad compliance, parking registration, and tabo or rights-registration status.

Contact

To schedule a viewing or discuss this apartment, contact Israel Apartments at +972-50-923-3202 or [email protected].

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